308 N Culver Avenue, Compton, CA 90220
Triplex
Sold August 2023
Listing Agent: Evelyn Baez Gonzalez (DRE #02103055) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 951-902-3006 · Bought with: Luis Aguiar · Pinpoint Realtors · MLS #SB23104427 · Source: CRMLS
About this triplex
308 N Culver Ave is a three unit apartment complex located near down town Compton. Property is NOT subject to LA City rent control and rents can be increased 10% annually. Constructed in 1963 and sitting on a large 6,614 SF Lot Zoned COPRH. Property consists of 3 separate bungalow style buildings. Front building Apt# A is a 2 Bedroom/1 Bath unit, Apt# B is 2 Bedroom/1 Bath Unit with two single car garages attached, and Apt# C is a 2 Bedroom/1 Bath unit with 1 single car garage attached. Front unit can be delivered vacant. Apt#B is rented at $1,730, Apt#C is rented at $2,200. The property has ample on-site parking with 2 car per unit. This investment presents a tremendous value-add opportunity at 11.59 GRM and 6.14% Cap Rate on current rents. All units are separately metered for gas and electricity. Two tenants are all on month to month leases and one unit is in a rent ready condition. There is about 42% upside potential in rental income.
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history